Unlucky
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Using Nashville as a prototypical Southern city and LA as SoCal, we get:
Cost of Living Indexes Natl. average Nashville Los Angeles-Long Beach
Overall
100=national average (lower=better) 100.0 95.3 128.5
Housing
comprises 31% of overall COL 100.0 93.9 164.3
Food and groceries
comprises 16% of overall COL 100.0 94.2 116.1
Transportation
comprises 10% of overall COL 100.0 97.3 117.2
Utilities
comprises 8% of overall COL 100.0 94.8 121.2
Health
comprises 5% of overall COL 100.0 90.0 117.2
Miscellaneous
comprises 30% of overall COL 100.0 97.4 111.1
Housing Natl. average Nashville Los Angeles-Long Beach
House purchase cost
median home value - Q3/00 $128,500 $116,500 $200,600
Home apreciation
12 months ending Q3/00 7.2% 7.3% 8.6%
Property tax rate
tax rate per $1000 valuation $15.56 $8.80 $11.00
Other Costs Natl. average Nashville Los Angeles-Long Beach
Sales tax rate
total local, county, and state sales taxes 5.75% 8.3% 8.3%
Income tax rate
total for $50,000 income 4.60% 0.0% 6.0%
Auto insurance
annual insurance for mis-size sedan $825 $920 $1,450
Economy Natl. average Nashville Los Angeles-Long Beach
Unemployment Rate
October, 2000 4.0% 2.3% 5.3%
Recent job growth
most recent 12 months 1.30% 4.7% 3.8%
Future job growth
projected growth to 2010 15.1% 20.7% 6.2%
Municipal Bond Rating
source - Standard and Poors AA- AA AA
Cost of Living Indexes Natl. average Nashville Los Angeles-Long Beach
Overall
100=national average (lower=better) 100.0 95.3 128.5
Housing
comprises 31% of overall COL 100.0 93.9 164.3
Food and groceries
comprises 16% of overall COL 100.0 94.2 116.1
Transportation
comprises 10% of overall COL 100.0 97.3 117.2
Utilities
comprises 8% of overall COL 100.0 94.8 121.2
Health
comprises 5% of overall COL 100.0 90.0 117.2
Miscellaneous
comprises 30% of overall COL 100.0 97.4 111.1
Housing Natl. average Nashville Los Angeles-Long Beach
House purchase cost
median home value - Q3/00 $128,500 $116,500 $200,600
Home apreciation
12 months ending Q3/00 7.2% 7.3% 8.6%
Property tax rate
tax rate per $1000 valuation $15.56 $8.80 $11.00
Other Costs Natl. average Nashville Los Angeles-Long Beach
Sales tax rate
total local, county, and state sales taxes 5.75% 8.3% 8.3%
Income tax rate
total for $50,000 income 4.60% 0.0% 6.0%
Auto insurance
annual insurance for mis-size sedan $825 $920 $1,450
Economy Natl. average Nashville Los Angeles-Long Beach
Unemployment Rate
October, 2000 4.0% 2.3% 5.3%
Recent job growth
most recent 12 months 1.30% 4.7% 3.8%
Future job growth
projected growth to 2010 15.1% 20.7% 6.2%
Municipal Bond Rating
source - Standard and Poors AA- AA AA